REPORT #381 September 2000
BELIZEAN BUREAUCRATS AND POLITICIANS CONTINUE TO AVOID BANKING REFORM AND
GROWTH AS A NATIONAL POLICY!

Produced by the Belize
Development Trust

The politicians of the PUP and the UDP continue to ignore and avoid
banking reform, new legislation creation favoring banking and
international banking in Belize.

The subject makes their head spin. They don't want to get into it,
said one close observer. In the meantime they continue to complain about
high interest rates and creating low income loan alternatives to the main
international banks who control the country services. Central Bank seem
to be composed of dunderheads, said one commentator.

No attempt has been made to contact Belizeans in high banking circles
in innovative California banking circles. Seminars would be help for
politicians and bureaucrats in Belize.

They have been led around by the nose, like a little child whose Mommy
knows best for more than 40 years.

If banking is a multi-layered cake, then in Belize, the banks are only
interested in the icing when it comes to services. They don't want to
get into the cake itself. And why not? That is where the maximum profit
for the least effort exists. Like BTL monopoly, the banks are not
interested in doing anything but getting the most profits for the least
services in Belize and the politicians know so little about the subject
and are adverse to learning, that port town con man Minister of Finance
Ralph Fonseca is considered an expert, despite years and years of bad
negotiated deals and wrong moves to his record. Just because he has a
smattering of the jive lingo and can hype the talk and confuse those less
familiar with the subject itself. Yet him included and certainly those
fellow travellers in Belize from the port town are continually snowed by
the existing banking establishment with their own spin on rational why
they do things and why the government should not interfere with them.
What a farce! A comedy of errors that continues!

TRINIDAD IS RUN BY MEGALOMANIACS!
Outspoken writer Godfrey Sealey, the 41 year old playwright says the
Trinidadian (hiccup) leaders are megalomaniacs, power-hungry, money
grubbing capitalists without any vision. The description could fit most
of the British Caribbean countries under the current Westminster system.